"Understanding the basics of advanced estate planning strategies is essential to better advise your clients who have significant wealth and are looking to you to assist them in developing integrated succession plans that addresses their needs. This practical class provides a basic review of the transfer and income laws and the available strategies to minimize these taxes.
You will be introduced to topics such as the basic structure of advanced strategies; the provisions in the governing that au

Understanding the basics of advanced estate planning strategies is essential to better advise your clients who have significant wealth and are looking to you to assist them in developing integrated succession plans that addresses their needs. This practical class provides a basic review of the transfer and income laws and the available strategies to minimize these taxes.
You will be introduced to topics such as the basic structure of advanced strategies; the provisions in the governing that authorize and regulate these strategies; modeling and tracking spreadsheets; and software options. To illustrate the concepts discussed, you will see a live demonstration of financial planning software, run modeling exercises and review examples of sophisticated estate and business planning scenarios.
Formerly titled: Business Wealth Succession Planning

Objectives:

Determine client transfer and income tax projections and the need for advanced planning.Identify the pros and cons of various strategies.Recognize and use different advanced estate planning strategies.Calculate and project results for a particular advanced strategies.Identify modeling scenarios for individual client needs.

Major Subjects:

Estate planning changes that impact a client's estate planQPRTs, GRATs, IDGTs and variations of these strategiesClient presentation preparationTools to monitor and evaluate the process and performanceBuilding flexibility into the strategies to respond to a change in circumstances.

Designed For: CPAs, attorneys, investment advisers and fiduciaries.

Prerequisite: An understanding of the basics of transfer and succession planning.